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Has Nikon Turned the Corner on Poor Results?
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Nikon had a torrid 2019 and the impact of COVID-19 on manufacturing and sales has simply added to that misery. However, does recent news suggest they are beginning to turn the corner of poor financial results? Nikon's 2019 financial results were generally poor and reflected a business that relied heavily on its Imaging Division which was significantly underperforming to the point that it was undermining other profitable divisions.
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